The Colliers team of Ned Tansey and Jonathan Lumsden have the exclusive listing for a key industrial asset in one of Geelong’s most prominent precincts expecting almost $6 million.
It says the Marshalltown Road property in Grovedale is set to draw interest from developers, occupiers, and investors.
The 5878 sqm block of land with a warehouse on it provides a high level of versatility to suit the diverse needs of occupiers, given the Industrial 1 zoning and exceptional locale.
“The property’s location surrounded by a prominent list of national brands including Total Tools, National Tiles, IGA, Bounce, Barbeques Galore means there is established success within the region, while the connectivity to crucial arterial roads make access to the Surf Coast, Geelong and Melbourne extremely easy,” says Ned.
Colliers notes the addition of the 1560 sqm warehouse also provides the unique prospect to attain immediate short-term revenue while formulating plans for any development on the site (STCA).
“This property provides flexibility to a number of different users, with a great frontage of 61m, high clearance throughout the warehouse, and outstanding development potential,” explains Jonathan.
“This is a thriving location with the property located 9.5 km from the Geelong CBD, 13.8 kms from Torquay and 88 kms from the Melbourne CBD.”
Geelong is a growing and thriving city, with increasing government expenditure on infrastructure and the economy. Included in this is the $294 million invested in the Geelong Convention and Exhibition Centre and $16.2 billion in capital investment that is already underway or planned.
156-162 Marshalltown Road, Grovedale is offered to the market For Sale by Expression of Interest, closing Thursday October 5, 2023 at 4pm (ADST).
For more information on Colliers, click here.